Bitcoin is currently trading at approximately $64,505, experiencing a minor contraction of 0.14% over the last 24 hours. The cryptocurrency recently broke out of its previous consolidation near the $62,000 demand zone and jumped to a three-week high near $65,000. This upward move was catalyzed by cooler-than-expected US Consumer Price Index (CPI) and Producer Price Index (PPI) inflation numbers, which significantly lowered investor anxiety surrounding further Federal Reserve interest rate hikes.

BTC-0.81%
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